Index Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
S&P 500 Industrials (Sector) (CME:SP500-20)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SP500-20
The long term trend has been UP since Aug 30th, 2019 at 665.77
The intermediate term trend has been UP since Dec 23rd, 2019 at 693.01
The short term trend has been DOWN since Jan 21st, 2020 at 703.27
Smart Scan Analysis for SP500-20
Based on a pre-defined weighted trend formula for chart analysis, SP500-20 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||680.89||52wk High Date||2018-01-29|
|52wk Low||563.06||52wk Low Date||2018-10-29|